Individual retirement accounts (IRAs) are a key element in many people's financial plans. If you are interested in getting a tax-advantaged start on retirement by opening an account, you should know some basics to help you compare IRA plans.The most common types of IRAs are traditional, Roth, and SEP IRAs. Traditional IRAs: With a traditional […]

A self-directed IRA works like a traditional or even a Roth IRA, except that you—the account holder—make the investment decisions. Typically, this approach lets you invest in things beyond the stocks, bonds and other vehicles that usually are available in the traditional or Roth IRA. Thus, a self-directed IRA might include investments in real estate, […]

There are many strategies for retirement saving, but perhaps the single most common piece of savings advice is to start early. And whether you've got a little money to invest or a lot, the earlier you get started the sooner you're on your way to a solid future. A common tool for retirement savings is […]

For many people, a great retirement means having enough money to enjoy life without altering their current lifestyle. Setting retirement goals is one of the first steps you can take to figure out how much money you need to retire the way you want. Setting Retirement Goals Start by making a list of all the […]

Trying to decide on the right individual retirement account (IRA)? The first step is deciding which tax advantage works best for you. Basically, Contributions to a traditional IRA are deductible when you make them. Contributions to a Roth IRA aren't deductible, but withdrawals are tax-free. More details about each type of IRA account, including income […]

A SIMPLE IRA can be a beneficial retirement savings option for small businesses and their employees, but it's really not that "simple." And while Ally Bank doesn't offer a SIMPLE IRA product, people often ask us about them, and an important part of our mission is to help people make informed financial decisions. What is […]

Individual Retirement Accounts or IRAs have been one of the most popular financial products since their introduction in the early 1970s. The Investment Company Institute reports that: IRAs account for $4.2 trillion in assets. IRAs total about one quarter of all U.S. retirement wealth. IRAs are popular because they're relatively easy to use, once you […]

What will your retirement look like when you're ready? Are you saving enough? At what rate do you need your account to grow to meet your goals? What kind of income expectation is realistic? Find the IRA Calculator That Works Best For You.An IRA calculator can help you make some educated assumptions about your retirement. […]

Conventional personal finance advice often can be pretty predictable: When asked "How much should I save for retirement this year?" most experts will say, "As much as you possibly can—and certainly at least as much as IRA contribution limits allow." Realistically, retirement planning doesn’t always work that way. Typically, the IRA contribution limits are $5,000 […]

Perhaps you'd like to help your daughter buy her first home. Or you might want to help with your grandchildren's college tuition. Giving gifts to family can be very gratifying—especially if you plan wisely. One strategy to consider is using gifts to help satisfy your minimum IRA distribution requirement. In the case of traditional IRAs, […]

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